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Central America's Regional Trends and U.S. Cycles

Roache, Shaun K. - International Monetary Fund (IMF) - 2008

The economies of Central America share a close relationship with the United States, with considerable comovement of GDP growth over a long period of time. Trade, the financial sector, and remittance flows are all potential channels through which the U.S. cycle could affect the region. But just...

Persistent link: https://www.econbiz.de/10005605387

The Effects of Monetary and Fiscal Policy on Aggregate Demand in a Small Open Economy; An Application of the Structural Error Correction Model

Konuki, Tetsuya - International Monetary Fund (IMF) - 2000

This paper empirically analyzes the short-run effects of monetary and fiscal policy on aggregate demand, using the two-step structural error correction method. This method has an advantage over the standard reduced-form error correction method in providing a meaningful interpretation for impulse...

Persistent link: https://www.econbiz.de/10005605392

Cointegration versus traditional econometric techniques in applied economics

Zietz, Joachim - In: Eastern Economic Journal 26 (2000) 4, pp. 469-482

The paper illustrates some of the well-known problems with cointegration analysis in order to provide some perspective … on the usefulness of cointegration techniques in applied economics. A number of numerical examples are employed to … cointegration techniques. The results suggest that, first, cointegration techniques need to be applied with great care and that …

Persistent link: https://www.econbiz.de/10005641620

Residual-Based Tests for Cointegration in Models with Regime Shifts.

Gregory, A.W.; Hansen, B.E. - University of Rochester - Center for Economic Research … - 1992

Persistent link: https://www.econbiz.de/10005698147

Export instability and economic growth in Nigeria: a time series analysis

Oladipo, Olajide S. - In: International Journal of Economics and Business Research 7 (2014) 4, pp. 476-501

The primary products and commodities provide food and livelihood for families and communities, are sources of raw material, and export earnings for many governments in sub-Saharan African (SSA) countries and most especially, Nigeria. However, over the years, global prices of primary products and...

Persistent link: https://www.econbiz.de/10010795463

Fiscal Sustainability and the Fiscal Reaction Function for South Africa

Jooste, Charl; Cuevas, Alfredo; Stuart, Ian C.; Burger, … - International Monetary Fund (IMF) - 2011

How does the South African government react to changes in its debt position? In investigating the question, this paper estimates fiscal reaction functions using various methods (OLS, VAR, TAR, GMM, State-Space modelling and VECM). The paper finds that since 1946 the South African government has...

Persistent link: https://www.econbiz.de/10009019588

Modelling life expectancy in Turkey

Halicioglu, Ferda - Volkswirtschaftliche Fakultät, … - 2010

approach to cointegration is employed to compute the long-run elasticities of longevity with respect to the selected economic … expectancy in Turkey on the basis of time series data and cointegration framework. Empirical results suggest that nutrition and …

Persistent link: https://www.econbiz.de/10009021717

Investigation of cointegration of oil prices and Russian market indices

Alexeev, Alexander Gennadievich - Department of Economics, European University at St. … - 2010

We perform an econometric analysis of cointegration of the Brent oil price and general and industrial indices of the …. It is interesting to note that a cointegration between the oil price and industrial RTS index is not detected. A … cointegration between the oil price and the general indices is found both for the RTS and the MICEX, and in both cases it is …

Persistent link: https://www.econbiz.de/10008794572

Oil price influence on Russian macroeconomic indicators

Podkorytova, Olga; Chigvintseva, Tatiana Andreevna - Department of Economics, European University at St. … - 2010

We investigate macroeconomics effects of an oil price in Russia in 2000-2010. We find long-run relations associating the oil price, the GDP, the CPI and the interbank interest rate. (in Russian)

Persistent link: https://www.econbiz.de/10008794574

Armenia; An Assessment of the Real Exchange Rate and Competitiveness

Weber, Anke; Yang, Chunfang - International Monetary Fund (IMF) - 2011

This paper uses a range of different methodologies to estimate the equilibrium real exchange rate in Armenia with both single-country and panel estimation techniques. We estimate a country specific autoregressive distributed lag model and then proceed with the estimation of a cointegrated panel...

Persistent link: https://www.econbiz.de/10008839327